Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Iran's oil exports are down by almost a third since President Donald Trump said in April that the U.S. would withdraw from the nations' nuclear deal and reimpose sanctions. They slid below 2 million barrels a day in August and continued to deteriorate in the first half of September, creating a buildup of crude held offshore. Elsewhere, Russia has lifted its output by almost 250,000 barrels a day since May. The country has the ability to boost production by a further 300,000 barrels, oil minister Alexander Novak told Bloomberg in Vladivostok last week. Energy Aspects see the world needing 33.5 million barrels a day of OPEC oil by then, in line with the group's own forecast.This winter could turn out to be a hot one indeed for oil markets.
FOLLOW THIS ARTICLE